Deep Tide TechFlow News, February 28 — YZi Labs today released a report accusing CEA Industries (Nasdaq: BNC) of serious stock disclosure issues. According to the company’s SEC filings, 10X Capital and its affiliates may hold over 5% of the company’s shares but have not submitted the necessary disclosure documents as required by the SEC. YZi Labs specifically pointed out that BNC board member Hans Thomas, as a controlling person of 10X Capital, has not filed Form 3 in the past six months, and the company’s unanimously approved “poison pill” plan may indicate undisclosed coordinated action groups. YZi Labs calls for immediate action to ensure market transparency and protect shareholder rights.
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YZi Labs Accuses CEA Industries of Major Equity Disclosure Violations
Deep Tide TechFlow News, February 28 — YZi Labs today released a report accusing CEA Industries (Nasdaq: BNC) of serious stock disclosure issues. According to the company’s SEC filings, 10X Capital and its affiliates may hold over 5% of the company’s shares but have not submitted the necessary disclosure documents as required by the SEC. YZi Labs specifically pointed out that BNC board member Hans Thomas, as a controlling person of 10X Capital, has not filed Form 3 in the past six months, and the company’s unanimously approved “poison pill” plan may indicate undisclosed coordinated action groups. YZi Labs calls for immediate action to ensure market transparency and protect shareholder rights.